The derivative structure of Binance is undergoing changes. According to the 24-hour trading volume statistics as of August 19th, approximately two-thirds of the top 15 perpetual contracts on the platform are now related to traditional financial assets, covering individual stocks, ETF, and commodities, and are no longer dominated solely by crypto assets.
Traditional asset contracts move to the forefront
Among the contracts with high trading volumes, the SANDUSDT perpetual contract ranks first. This contract tracks SanDisk, and as of 9:00 on August 19th (UTC), its 24-hour trading volume was approximately 6.87 billion US dollars. The report indicates that this volume is roughly equivalent to 22% of SanDisk's trading volume on NASDAQ during the same period.
Silver contracts have also entered a high trading volume range. The 24-hour trading volume of the XAGUSDT perpetual contract is approximately 826 million US dollars. Among the other highly active contracts, there are still mainstream crypto assets such as Bitcoin, Ethereum, and Solana.
This set of data reflects that the acceptance of traditional assets linked to perpetual contracts on native cryptocurrency trading platforms is on the rise. Traders are no longer limited to trading BTC or ETH through the same set of derivatives systems; they have also begun to include stocks, ETF, and commodities within the position management of the same account.
Binance Expands TradFi Product Line
Reports show that Binance continued to expand its traditional financial perpetual contracts in 2026, adding U.S. stocks, ETF, as well as products related to precious metals and industrial metals. These contracts use USDT as margin and support 24-hour trading.
This design extends the common continuous trading patterns of the crypto market to traditional assets that were previously restricted by the trading hours of exchanges. For users, buying long, selling short, leveraging, and switching between different assets can all be done within the same trading interface.
The person in charge of trading operations, Shunyet Jan, stated that the platform aims to integrate crypto assets, tokenized securities, and traditional asset classes into the same account system. According to him, USDT margin stocks, ETF, and commodity perpetual contracts are bringing the 24/7 trading style of the crypto market to more traditional asset categories.
Stock perpetual contracts are seeing accelerated growth.
Reports cite data indicating that since the beginning of 2026, the weekly trading volume of stock-linked perpetual contracts has increased by approximately 79 times. As of July, Binance accounts for about 76% of the trading volume of stock perpetual contracts on the tracked exchanges.
The attractiveness of such products mainly comes from the combination of traditional asset exposures with crypto derivative mechanisms. Users can continue trading when the traditional markets are closed, and they can also quickly switch between crypto assets, stocks, and commodities without having to transfer their funds to a separate brokerage account.
However, such products are essentially still derivatives and do not represent direct ownership of the related stocks or commodities. Their pricing, funding rates, liquidity, and the way company actions are handled may also differ significantly from those of traditional securities markets.
From the current transaction structure, the competition among crypto exchanges is gradually shifting from 'the number of coins listed' to 'the range of assets that a single account can cover.' As more stocks, ETF, and commodities are added to the trading list, the boundary between crypto derivatives platforms and multi-asset trading platforms is further narrowing.
